Crete is an island with close to zero resources - except people.
Survival is off shore banking just like the Caymen.
Russian oil oligarch new minted billionaire, park their money to avoid tax just as corporate USA humanoid types do.
Short of it is, residents of Crete don't have money to buy what anyhow ain't in the store.
So the tax on bank deposits is the only ding dong asset to tax. I suspect and predict the second generation of the inheritors of the "dictatorship of the proletariat" will gingerly ante up an Evangelical Widow's Mite to keep their tax free hidey hole in business.
There's a lesson in it somewhere for our local Evangelical serf types imbedded in body politic. It ain't roses. It's the intestinal gas of greed you smell.
Robert Eugene Molenaar, M.D.
P.S. Iceland has the oldest democratically elected parliament in the world.
P.S.S. As antidote to my "tell it like it is" propensity, one more P.S. - a sweet memory poem of a one room schoolhouse series.